TE OHAKI Tirohia tirohia Tirohia ki nga haeata o te ata moemoea Te - - PowerPoint PPT Presentation

TE OHAKI

Tirohia tirohia Tirohia ki nga haeata o te ata moemoea Te Kawenata Tiriti Hei whakaea nga tumanako o ngā tipuna Kare e wareware te roa o te tumatuma o ratou ma Ki te whakahoki ki a matou nga taonga tuku whakarere iho Kimihia, kimihia Kimihia he tikanga mo te tupono Ngā patai, ngā wero I mua ia matou Whaia te iti Kahurangi Ahakoa te raru Rapua te mea tuatahi mo te oranganui o ngā uri whakatipu mo te oranganui o Ngāti Pāhauwera e

2017 AGM AGENDA

Karakia – Mihi

• 1. Trustees annual report on the operations of the Ngāti Pāhauwera Development Group including the Trusts and

Companies. Resolution: To receive and note the Ngāti Pāhauwera Development Group Annual Report.

• 2. Audited Financial Statements for the Ngāti Pāhauwera Development Group for the Financial Year End 30 June 2017.

Resolution: To receive and note the audited Financial Statements for Ngāti Pahauwera Development Group for the Year end 30 June 2017.

• 3. 2017/2018 Annual Plan.

Updated 5 year, and 100 year plans for Ngāti Pāhauwera Development Trust. Resolution: To receive and note the 2017/2018 Annual plan in addition the updated Five (5) Year and 100 Year plans for the Ngāti Pāhauwera Development Group.

• 4. To appoint Crowe Horwath as the Auditor for Ngāti Pāhauwera Development Group for 2018-2020.

Resolution: To appoint Crowe Horwath as the Auditor for the Ngāti Pāhauwera Development Group for the period 2018 – 2020.

• 5. General Business
• Call for non-notified business items.
• Removal of Trustees Richard Allen and Ngaire Culshaw.
• 6. Confirm minutes from AGM 19 November 2016.

Resolution: To receive and accept the minutes of the Annual General Meeting of 19 November 2016.

TE KAWA O TE HUI

i. The hui is being live streamed and recorded. ii. Please use the microphones. iii. Questions after each presentation. iv. Be respectful of speakers. v. No personal attacks or interrupting. vi. Comments and questions from members must be relevant to the item of business.

AGENDA ITEM 1: ANNUAL REPORT TRUSTEE STRUCTURE

Ngati Pahauwera Development Group – Trusts and Companies

GOVERNANCE

Trustees as at 30 June 2017:

Toro Waaka, Tania Hodges, Tureiti Moxon, Chaans Tumataroa, Ngaire Culshaw, Richard Allen and Rex Adsett.

NPCDL Directors as at 30 June 2017:

Michael Chamberlain, Toro Waaka, Tania Hodges, Victor Goldsmith and Chaans Tumataroa.

TRUSTEE & DIRECTOR OBLIGATIONS

i. Trustee responsibilities include acting in the best interest of the trust and members. Covered by the deed of trust, trust policies, companies and trusts act. ii. New trustees should bring knowledge and skills to the decision making table. iii. Required to sign documents accepting those responsibilities according to the deed and the various company constitutions.

POLITICAL LANDSCAPE

i. Iwi Chairs Forum: National forum where iwi chairs develop responses to significant issues i.e. Freshwater. Benefit is being aware

• f other iwi development, developing relationships on

like issues and supporting one another. ii. Hawkes Bay Regional Council Joint/ Regional Planning Committee: Statutory committee to have input into HBRC RMA decision making. iii. Te Kahui Ohanga: Matariki regional planning with strategies to increase employment. iv. Te Kei o Takitimu: Informal collaboration with other settlement entities to discuss investments and development.

i. Social media: Facebook, consolidated the accounts to a single account. Respond as appropriate. ii. Website: Looking to make the site more user friendly and modern. iii. Newsletters: Te Putorino o Pahauwera. Hui A Iwi: Held on the following dates: a. 17 July 2016 b. 19 November 2016 – AGM c. 28 May 2017

COMMUNICATION

STAFF & STRUCTURE

i. Total 24 staff, 19 Pāhauwera (16 registered members & 3 whakapapa/ marriage), 3 non- Māori and 2 Māori. ii. Seconded from MSD - Peter Eden to assist with Employment and Training. iii. River Restoration staff Turi Paku, Kopu Tipoki and Tione Hubbard are acknowledged but left the trust following the restructure. iv. The development investment includes

• ur subcontractors.

MEMBERSHIP

The current database and registration forms are due for review, this will allow more in depth information gathering to be undertaken regarding our members. Male members Female members

Members with valid contact details Members under 18 years old Members over 18 years old

7,927

Total members

3,294 4,003 7,067 2,326 4,714

Support for kura, wānanga and special

• ccasions

COMMUNITY SUPPORT

Requests for service NPDT Members treated People treated in total Wairoa Community members treated

208 139 166 27

Dental Truck Pig Hunting Club

Permits were issued Cultural Permits issued for tangihanga

525 19

ENVIRONMENT: TAKUTAI MOANA

• a. Marine and Coastal Area Act (Takutai

Moana) first application nearing completion.

• b. Ratification of Ministerial offer is being

reconsidered by the new government.

• c. Second application to Esk lodged with High

Court.

a. Putere Lakes b. Hawkes Bay Regional Council (Cape to City and HB Marine Group) c. Department of Conservation (East Coast Hawkes Bay Conservation Strategy) d. Gravel Management with HBRC to confirm the amounts and sites for extraction

ENVIRONMENT

RANGATAHI AND INFORMATION, COMMUNICATION AND TECHNOLOGY (ICT)

i. Partnership with Curve Technology. ii. Uses gaming as the entry to ICT. iii. Project supported by funding from Ka Hao – TPK digital, 2 year funding option. iv. Started from an off-the-street club in Wairoa to a link with a school based programme in Napier.

RANGATAHI AND INFORMATION, COMMUNICATION AND TECHNOLOGY (ICT)

TRAINING AND EMPLOYMENT

Vision: Increase employment opportunities for Ngāti Pāhauwera whanau. Organisational relationships:

• Dept. of Corrections, NZ Police, PanPac, other industry

employers.

• 1. Partnership between Ngati Pāhauwera and Ministry of Social Development
• 2. Develop and enhance Ngati Pāhauwera Employment Strategic Plan
• 3. Build Māori Capacity and Social Wellbeing

TRAINING AND EMPLOYMENT

• 1. Rangatahi Drivers Licensing

20

Rangatahi participants

100%

Success rate

• 2. Whakatupato Firearms Licensing

40

Participants

34

Sat and passed the firearms test

QUESTIONS

MANAAKI COMMITTEE REPORT: CHAIR- TUREITI MOXON

The Manaaki Committee has been fortunate enough to provide funding for the fourth consecutive year which has been made available to the members of Ngāti Pāhauwera to support whānau aspirations in both Secondary (Boarding) & Tertiary Education and providing support to the Community. In the 2016/2017 financial year the committee made distributions to the following categories:

• Pg. 15 & 94 Annual Report.

QUESTIONS

COMMERCIAL DEVELOPMENT LIMITED REPORT

• 1. To generate an increasing

income stream to support the agreed social and commnity

• bjectives.
• 2. To develop the strategic and
• ther assets of the Trust within

Ngāti Pāhauwera, for future generations.

• 3. To invest in businesses that

provide employment and a strong economic future.

OUR FARMS

i. Five farms: Rawhiti, Omahara, Pihanui Station, Kakariki, and Chimney Creek. ii. In the last financial year they produced a $200,000 profit.

• iii. We have to 1,895 effective hectares, but, we will get to

2,298 hectares by 2019.

• iv. We currently winter 16,000 stock units and in 2019

that will be about 20,000.

Farm investment: i. Infrastructure ii. Fertiliser iii. Water for stock iv. Weed control v. Pasture renewal.

Farms Current effective hectares Hectares when development is complete Rawhiti and Omahara 390 507 Kakariki 235 235 Chimney Creek 70 356 Pihanui Station 1200 1200 1895 2298

OUR FARMS

Rawhiti Land value at handback in 2012 $1,200,000 Development spend to June 2017 $1,320,000 Total investment value at 30 June, 2017 $2,520,000 Development remaining $120,000 Total investment at June 2018 $2,640,000 Value in October, 2016 $2,100,000 Expected value in 2018 with development complete $2,700,000 Expected net capital gain $60,000

RAWHITI DEVELOPMENT

The foundations have been laid for this to be a productive farm

INVESTMENT BY FARM

Rawhiti Chimney Creek Omahara Kakariki Pihanui Purchase price 1,200,000 520,000 320,000 1,161,000 7,500,000 Total investment to 30 June, 2017 2,520,000 746,000 416,000 1,349,000 7,885,000 Development remaining 120,000 350,000 330,000 150,000 50,000 Total investment at June 2018 2,640,000 1,096,000 746,000 1,849,000 7,890,000 Value in October, 2016 2,100,000 1,000,000 425,000 1,850,000 8,000,000 Expected value in 2018 with development all but complete 2,700,000 1,200,000 1,000,000 2,000,000 8,500,000 Expected net capital gain 60,000 104,000 254,000 150,000 610,000

$1,178,000.00 of expected capital gain or 8.3% return – we will have farms that can now be productive and profitable.

INCOME, EXPENDITURE, AND PROFITS

Income Expenditure Profit

2014 95,417 137,678

• 42,261

2015 125,692 93,124 32,568 2016 1,193,564 1,592,643

• 399,079

To 30 June, 2017 1,580,031 1,379,321 200,710 Expected 30-June, 2018 1,981,510 1,728,887 252,623 i. Income is increasing and so are profits ii. Costs are high while we complete development and establish feed buffers. iii. Aiming to achieve $1million in of Annual Profits insede the next three years iv. Would not be profitable without the spend on development of these farms.

Forestry land

Capital value Rent paid Return on capital 2014 $19,180,000 at 31-Oct 2015 $825,000 2016 $911,000 4.7% 2017 $22,000,000 estimated $911,000 2018 $941,000 2019 $1,034,000 4.7%

FOREST

i. There 15,485 hectares of land of which 12,069 hectares is effective. ii. The challenge is to do better than 4.7% with this asset

RONGOA

We have two categories:

• 1. Wild harvest

84 kg of dried kawakawa and 19 kg of koromiko last year = $7,100 of income.

• 2. Plants we grow and harvest.

Just starting out.

• i. For each of these we have a customer, Phytomed, who we sell

dried product to.

• ii. The potential for Rongoa is great, but, we are just begining.

INVESTMENTS

Three types at present:

• 1. Shares purchased in PUBLICLY listed companies on Stock Exchange
• 2. Shares purchased PRIVATELY and not listed on Stock Exchange
• 3. CASH in the bank.

SHARE PORTFOLIO OUTCOMES

2,000 4,000 6,000 8,000 10,000 12,000 Capital Target Capital Actual

2014/15 Dividends $338.7k Dividends: $302.9k 2013/14 Dividends: $136.8k 2015/16 (15 months): 2016/17 (17 months):

$m

(12 months):

Goals: i. Income: To provide an increasing stream of income equal to 4% of the target capital ii. Growth: To grow the capital over the long term by 4% a year to protect aginst the impact of inflation

SHARES – BOTH PUBLIC & PRIVATE

At 30 June 2017:

Total Return: 15.1% per year Industry Benchmark: 8.9% per year

$7.69mil

Invested across 72 companies

$2.2mil

Increase in value

$9.89mil

Portfolio Value

$0.78mil

Received in Dividends

$2.98mil

Total return since Oct 2013

SHARES – BOTH PUBLIC & PRIVATE

The value of our assets is increasing and the company is creating employment.

WHAT DOES ALL THIS MEAN?

Year Value Number of staff employed by the company 2012 $66,000 2013 $44.2 million 2014 $46.0 million 2015 $48.7 million 1 2016 $56.5 million 6 2017 $59.2 million 16

QUESTIONS

RESOLUTION

Resolution: To receive and note the Ngāti Pāhauwera Development Group Annual Report

RESOLUTION

Resolution: To receive and note the Ngāti Pāhauwera Development Group Annual Report Trustees annual report on the operations of the Ngāti Pāhauwera Development Group including the Trusts and Companies.

AGENDA ITEM 3

Financial highlights presented by Peter Gillies from Gardiner Knobloch Resolution: To receive and note the Ngāti Pāhauwera Development Group Annual Report Audited Financial Statements for the Ngāti Pāhauwera Development Group for the Financial Year End 30 June 2017.

AGENDA ITEM 4

2017/2018 Annual Plan, Updated 5 year, and 100 year plans for Ngāti Pāhauwera Development Trust. Resolution: To receive and note the 2017/2018 Annual Plan in addition the updated Five (5) Year and 100 Year plans the Ngāti Pāhauwera Development Group This report is an account of activities and actions carried out in the reporting period 1 July 2016 – 30 June 2017 or 12 months of operation.

100 YEAR PLAN:

VISION- TE ORANGANUI O NGATI PAHAUWERA – HEALTHY, WEALTHY AND HAPPY PEOPLE.

5 YEAR PLAN

PG.88-89.

1. GOOD GOVERNANCE – Pāhauwera leadership to achieve. 2. SOCIAL RESPONSIBILITY – Manaakitanga 3. ENVIRONMENTAL ACCOUNTABILITY – Sustainability of resources. 4. ECONOMIC PROSPERITY – Wealth creation, regionally, nationally and internationally. 5. CULTURAL CONSOLIDATION – Culturally connected

• Strong principled, committed and pragmatic leadership.
• High level Trustee capability in governance, policy and

practice.

• Politically vigilant, astute and proactive.
• Intergenerational Fairness and Succession Planning.
• Responsive ready to hapū & whānau engagement,

participation, empowerment.

• Effective and efficient management infrastructure.
• Transparent, accountable and accessible processes.
• Open and accessible communication.

5 YEAR PLAN

• 1. GOOD GOVERNANCE –

Pāhauwera leadership to achieve.

5 YEAR PLAN

• 2. SOCIAL RESPONSIBILITY –

Manaakitanga

• Creating and encouraging opportunities for mana

motuhake, independence, and positive and healthy lifestyles for hapū and whānau.

• Raising Ngāti Pāhauwera earning capacity per capita.
• Access to and provision of services for basic needs.
• Access to and delivery of educational opportunities.
• Support across all whānau age groupings.

5 YEAR PLAN

• 3. ENVIRONMENTAL ACCOUNTABILITY –

Sustainability of resources.

• Protection of all lands, coastal marine areas, waterways,

ecosystems, wildlife, flora and fauna.

• Influence and monitoring Resource Consents.
• High water quality standards promoted and maintained.
• Elimination of pests and noxious plants.
• Efficient waste management.
• Reduction of leeching and/or run off into waterways.
• Protection of customary fishing.

5 YEAR PLAN

• 4. ECONOMIC PROSPERITY –

Wealth creation, regionally, nationally and internationally.

• Increase the Ngāti Pāhauwera Development Trust funds

and asset base by prudent investing.

• Profitable utilisation of Ngāti Pāhauwera farms and land

interests.

• Investment in Ngāti Pāhauwera Business Initiatives.
• Increase employment opportunities for

Ngāti Pāhauwera whānau.

• Establishing and maintaining strong and healthy

strategic business relationships.

5 YEAR PLAN

• 5. CULTURAL CONSOLIDATION –

Culturally connected

• Defining and consolidating Ngāti Pāhauwera identity

and visibility.

• Ensure on-going learning of Ngāti Pāhauwera tīkanga

and kawa.

• Identify and strengthen te reo of Ngāti Pāhauwera

through the teaching of te reo at all learning levels.

• Collection, storage and repository of Ngāti Pāhauwera

taonga.

• Ngāti Pāhauwera spiritual and metaphysical

relationships with the environment in particular marae and wāhi tapu.

REPORT ON 2016-2017 ANNUAL PLAN PG. 20

REPORT ON 2016-2017 ANNUAL PLAN

REPORT ON 2016-2017 ANNUAL PLAN

REPORT ON 2016-2017 ANNUAL PLAN

REPORT ON 2016-2017 ANNUAL PLAN

REPORT ON 2016-2017 ANNUAL PLAN Pg. 22-23

REPORT ON 2016-2017 ANNUAL PLAN Pg. 23

REPORT ON 2016-2017 ANNUAL PLAN Pg. 24

REPORT ON 2016-2017 ANNUAL PLAN Pg. 24

REPORT ON 2017-2018 ANNUAL PLAN Pg. 76

REPORT ON 2017-2018 ANNUAL PLAN Pg. 76

REPORT ON 2017-2018 ANNUAL PLAN Pg. 77

REPORT ON 2017-2018 ANNUAL PLAN Pg. 78

REPORT ON 2017-2018 ANNUAL PLAN Pg. 78

REPORT ON 2017-2018 ANNUAL PLAN Pg. 79

REPORT ON 2017-2018 ANNUAL PLAN Pg. 79

REPORT ON 2017-2018 ANNUAL PLAN Pg. 80

REPORT ON 2017-2018 ANNUAL PLAN Pg. 80

REPORT ON 2017-2018 ANNUAL PLAN Pg. 81

REPORT ON 2017-2018 ANNUAL PLAN Pg. 81

AGENDA ITEM 5

To appoint Crowe Horwath as the Auditor for Ngāti Pāhauwera Development Group for 2018-2020. Resolution: To appoint Crowe Horwath as the Auditor for the Ngāti Pāhauwera Development Group for the period 2018 – 2020.

A request for proposal was issued to the local accounting firms including Price Waterhouse Cooper (PWC), BDO, Staples Rodway, Crowe Horwath & Oldershaws & Co. Crowe Horwath presented well demonstrating experience with Maori entities, farms and were competitively priced.

AGENDA ITEM 7

Confirm minutes from AGM 19 November 2016. Resolution: To receive and accept the minutes of the Annual General Meeting of 19 November 2016.

i. Amendment to Point 4, for “period 2016-2017”. ii. Te Reo Maori strategy involved a contract with Te Taura Whiri that was finally signed off and outstanding funds received. iii. Amended deed was signed and placed on the website and with charities commission. iv. New trustees received copies of the amended trust deed.

AGENDA ITEM 6

General Business

• Call for non-notified business items.

Resolution:

i. Items to be received, noted for action and/or reporting are at the discretion of the Chairperson